Global Solar Inverter Market is Set to Achieve & Exceed USD 24,507.3 million Valuation by 2023 (1) - PowerPoint PPT Presentation

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Global Solar Inverter Market is Set to Achieve & Exceed USD 24,507.3 million Valuation by 2023 (1)


The global demand for solar inverters has been rising robustly at a CAGR of 15.65% from 2017 to 2023. The market is also poised to achieve and exceed valuation of USD 24,507.3 million by 2023 as the demands for the solar inverter is grossing owing to increasing environmental concerns and making it an essential fact of the market. The importance of solar is profoundly portrayed mainly to reduce harmful emissions and to increase the cost of fossil fuels. Due to these reasons, solar power is a more economical energy source in the present day. – PowerPoint PPT presentation

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Title: Global Solar Inverter Market is Set to Achieve & Exceed USD 24,507.3 million Valuation by 2023 (1)

Global Solar Inverter Market Research Report -
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
Global Solar Inverter Market Forecast to 2023
Global Solar Inverter Market - Overview Solar
inverters are electrical converters which convert
DC current into AC for use in commercial
electrical grids or other electrical grid
networks. Commonly used in solar rooftop or
ground-mounted residential and commercial areas,
solar converters are a fantastic alternative to
traditional electricity generation methods.
Market Research Future has invested time and
resources to properly understand the global solar
inverter market which is expected to grow at a
highly optimistic CAGR of 15.65 during the
review period from 2017 to 2023. The growth of
the market at that rate is expected to reach a
market value of USD 24,507.3 Mn by 2023. Ask for
Sample _at_ https//
le_request/4071 A rising number of solar power
plants around the world will drive the solar
inverter market. This is largely due to the fact
that solar power is a renewable source of clean
energy which is in high demand due to rising
environmental concerns. The growth of off-grid
solar panel installation in commercial,
industrial, and residential use will help the
market grow rapidly. The reason these factors are
driving market growth and the high adoption of
solar converters is due to the various benefits
of using solar energy. Solar power is free, and
clean and reduces carbon footprint while being
affordable. Increasing government initiative and
policies which support the adoption of solar
power has been a driver of growth for the global
solar inverter market. Solar Inverters enjoy
tremendous popularity and uptake worldwide due to
their ability to rapidly convert DC power input
into AC while staying connected to the on-grid
system. As a result, the solar inverter market
garners huge traction, globally. The growing
number of solar power plants connected with the
grid through an on-grid solar inverter is a major
driving force pushing up the market growth.
Increasing installations of off-grid solar panels
for commercial industrial and residential use
require a reliable and safe power source
converter, which solar inverter provides.
Global Solar Inverter Market Forecast to 2023
Global Solar Inverter Market - Competitive
Analysis Intensely competitive, the solar
inverter market appears to be well-established
with the presence of many large and small-scale
players. Strategic initiatives such as
acquisition, expansion, collaboration, and
product launch remain the trends of these players
to gain a competitive advantage. The competitive
landscape of the market is decided based on the
market participants, their production capacities,
supply chain, and the revenue generated by each
manufacturer. July 09, 2019 - FIMER (Italy),
Inverter manufacturer giant announced the
acquisition of ABBS solar inverter business in
India. The purchase includes PowerOne, the solar
inverter business. The acquisition aims at
enhancing the solar inverter business in the
future and will allow ABB to focus on its
business portfolio in other industry segments.
Additionally, the acquisition will enable FIMER
to enhance sales growth and emerge as the
pioneers in the solar inverter market. The
transaction is likely to complete in the first
quarter of 2020. Browse Full Report _at_ 
Global Solar Inverter Market Forecast to 2023
Global Solar Inverter Market - Segments The
global solar inverter market has veteran a
potential growth over the past few years, and it
has also been analyzed that the market will
nurture at the same pace during the forecast
period. On this event, the market has been
segmented on the basis of type, system, end-user
region. By the mode of type, this market
segment comprises of central, string micro. By
the mode of system type, this market segment
comprises of on-grid and off-grid. By the mode
of end-user, the market is segmented into
residential, industrial commercial and

Global Solar Inverter Market Forecast to 2023
  • Key Players
  • SMA Solar Technology AG (Germany),
  • ABB Ltd (Switzerland),
  • Canadian Solar Inc. (Canada),
  • SunPower Corporation (US),
  • SolarEdge Technologies Inc. (Israel),
  • Delta Electronics, Inc. (Taiwan),
  • Sineng Electric Co., Ltd. (China),
  • Solectria Renewables, LLC (US),
  • Power Electronics (Spain), and
  • Hitachi Hi-Rel Power Electronics Pvt. Ltd (India)

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